Summary
- "There is a claim that Ethereum (ETH), with $2,500 as a support level, can rise further."
- "A crypto analyst stated that Ethereum’s $2,500 support line marks the bottom of a range that can go up to $4,000."
- "He reported that the current movement is similar to the 2021 bull market and that there is a possibility of repeating the previous rally."
There is a claim that Ethereum (ETH) can continue to rise, holding $2,500 as a support level.
On the 4th (local time), crypto analyst Rekt Capital said via X (formerly Twitter), "Ethereum is forming a support at $2,500," adding, "This support line marks the bottom of a range that could see a rise up to $4,000." He further noted, "This is similar to the movement seen during the mid-2021 bull market (green circle on the chart)," and said, "There is a possibility of replicating the previous rally."
As of 8:44 p.m., according to Binance USDT market data, Ethereum is trading at $2,628, up 0.86% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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